Halliburton boosts 3Q profits by 26 pct

[cyberpj]

Source: Associated Press

NEW YORK (AP) -- Halliburton's profit jumped 26 percent in the third-quarter as oil and gas drillers expanded their operations in North America.

The Houston oil services company on Monday reported earnings of $683 million, or 74 cents per share, for the three months ended Sept. 30. That compares with $544 million, or 60 cents per share for the same period in 2010.

Income from continuing operations was 94 cents per share. Revenue grew 40.4 percent to $6.55 billion in the period.

Analysts, who tend to base estimates on continuing operations, were expecting earnings of 91 cents per share on revenue of $6.35 billion, according to FactSet.



Read more: http://hosted.ap.org/dynamic/stories/U/US_EARNS_HALLIBURTON?SITE=LABAT&SECTION=BUSINESS&TEMPLATE=DEFAULT&CTIME=2011-10-17-09-29-17

[Arctic Dave]

1. Funny, none of their employees got a bonus. nt

[Crowman1979]

2. This is not the f***in change we asked for!!!

:mad:

The only change we got was a different person in the white house. Yet, the policies are exactly the same.

[ixion]

3. Yep. The change included only the window dressing

the rest remains very much the same.

[mother earth]

4. Yeah, causing disasters and mayhem, so it can rake in

to clean up, or double bill or be the sole bidder...all in a day's work. Are we still paying subsidies to oil profiteers?

[Historic NY]

5. I guess the "drill baby drill" is working for them.

[underpants]

6. Also in LBN - Panetta: Cutting Too Deep Would Devastate Military

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=5025964&mesg_id=5025964

[cyberpj]

7. Well then - maybe we could buy things like hammers and other hardware at normal prices?!

Or cut outrageous payments to consultants?

Or cut unnecessary programs for products that will never be used which were awarded as payback for political contributions?

Or...

Or...

Or....

Put some of 'we the people' on the job and I bet we could trim the GD fat!

[underpants]

8. Or offering real world training like cooks, plumbers, and helicopter mechanics

currently we pay through the nose for those services